The preliminary public provide (IPO) of Sagility India Restricted is ready to open for subscription on November 5. The corporate targets to lift just about Rs 2,107 crore by the use of its maiden percentage sale. Sagility India IPO is a e-book construction factor price Rs 2,106.6 crore. The general public factor incorporates handiest an offer-for-sale (OFS) of 70.22 crore stocks. Forward of the release, here’s a take a look at probably the most key information about the general public provide of the healthcare products and services supplier.
Value Band, Minimal Funding
Sagility India IPO worth band has been fastened between Rs 28 and Rs 30 in keeping with percentage. The retail traders can practice for at least a unmarried lot measurement comprising 500 stocks, amounting to an funding of Rs 15,000. The minimal bid measurement for the small high-net-worth people (sHNI) is 7,000 stocks, or 14 rather a lot, aggregating to Rs 2,10,000. The large high-net-worth people (bHNI) can practice for no less than 67 rather a lot, or 33,500, with an funding of Rs 10,05,000.
The corporate has put aside as much as 19 lakh stocks for staff. The stocks will likely be presented to the workers at a cut price of Rs 2 in keeping with piece towards the problem worth. ICICI Securities Restricted, IIFL Securities Ltd, Jefferies India Personal Restricted, and JP Morgan India Personal Restricted are the lead managers, with Hyperlink Intime India Personal Ltd serving because the registrar for the problem.
Sagility India IPO key dates
The Sagility India IPO is scheduled to open for subscription on Tuesday, November 5. The 3-day bidding duration will finish on Thursday, November 7. Sagility India IPO allotment standing is predicted to be finalised on Friday, November 8. The corporate will start up refunds at the identical day. A hit candidates can be expecting the stocks to be credited to their demat accounts by means of Monday, November 11.
Sagility India IPO stocks will likely be indexed on each the BSE and Nationwide Inventory Change (NSE). The IPO checklist has been scheduled for November 12.
Sagility India Financials
Sagility India Restricted’s income higher 12.87 in keeping with cent and benefit after tax (PAT) rose just about 59 in keeping with cent on a year-on-year foundation in FY 2024. The corporate’s income stood at Rs 4,781.Five crore in FY24 in comparison to Rs 4,236.06 crore within the previous monetary yr. Sagility India reported a web benefit of Rs 228.27 crore within the monetary yr ended March 31, 2024, towards Rs 143.57 crore within the previous fiscal.
Within the June quarter of the present monetary yr, the corporate reported a complete income of Rs 1,247.76 crore, whilst the web benefit stood at Rs 22.29 crore.
About Sagility India Restricted
Sagility India Restricted, up to now referred to as Berkmeer India Personal Restricted, specialises in healthcare products and services for payers (US well being insurers accountable for investment and reimbursing healthcare bills) and suppliers (reminiscent of hospitals, physicians, diagnostic amenities and clinical era firms). The corporate provides a spread of products and services that comes with centralised claims processing, fee integrity and medical control.
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